SYSCO CORP (SYY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SYY - US8718291078 - Common Stock
Overall SYY gets a technical rating of 5 out of 10. SYY has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month SYY has a been trading in the 71.23 - 77.71 range, which is quite wide. It is currently trading near the high of this range.
- SYY has an average volume of 3103430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, SYY outperforms 42% of them, which is more or less in line with the market.
- SYY is an average performer in the Consumer Staples Distribution & Retail industry, it outperforms 43% of 38 stocks in the same industry.
- SYY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SYY is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SYY has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
69.05
We found 1 important support area.
- A support zone ranging from 69.75 to 76.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 81.59 to 83.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for SYY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SYY is up. |
| ChartMill Relative Strength | 42.02 | NEUTRAL | SYY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SYY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SYY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SYY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.26 | NEUTRAL | The RSI value for SYY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests SYY has a positive trend. |
| Stochastics (14,3) | 88.99 | OVERBOUGHT | The high Stochastics value suggests SYY may be overbought. |
| Average True Range in percent/ATR (20) | 1.49 | LOW VOLATILITY | The low ATR as a percentage value for SYY suggests low volalility. |
| Average Directional Index/ADX (14) | 19.69 | NEGATIVE | The low ADX value for SYY suggests a weak or negative trend. |
77.11
+1.05 (+1.38%)
SYSCO CORP / SYY FAQ
What is the ChartMill technical rating of SYSCO CORP (SYY) stock?
ChartMill assigns a technical rating of 5 / 10 to SYY.
What is the current trend direction of SYSCO CORP (SYY) stock?
The current trend direction for SYSCO CORP (SYY) is Bearish.
What is the RSI signal for SYY stock?
SYSCO CORP (SYY) has an RSI value of 65.258. This indicates that the stock is currently neutral.
What is the MACD signal for SYSCO CORP (SYY) stock?
The MACD indicator for SYSCO CORP (SYY) has a value of 0.383751, indicating a bearish trend.